Home Improvement Retailers to Suffer Housing Industry Chill?

Digital Risk managing partner Jeff Taylor tells TheStreet's Joe Deaux the slowdown in the housing sector isn't solely attributable to the cold winter. The high count of cash-purchased homes suggests institutional buyers, not consumers, are the driving force in the sector for now. Taylor says regulations that prevent over-leveraged home-buying are keeping many consumers in the rental market. Rentals, though, are a driver for the home improvement retailers, who Taylor says won't suffer.

President Trump's move Thursday to cancel his meeting with North Korea leader Kim Jong Un sent the stock market into a "tizzy," according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.